Snowflake Inc.

SNOWUS

Snowflake Inc. delivers a cloud-centric data platform to customers across both the United States and international markets. The company's core offering, known as the Data Cloud, enables users to unify disparate data sources into a singular, reliable foundation. This unified data then facilitates the extraction of crucial business intelligence, the creation of innovative data-driven applications, and secure data sharing. This adaptable platform serves a wide array of organizations, encompassing various sizes and industries. Originating in 2012, the enterprise was initially recognized as Snowflake Computing, Inc., before officially rebranding to Snowflake Inc. in April 2019. Its principal operations are conducted from Bozeman, Montana.

FoundedIPO year2020As of2026-08-04
Market Cap
$111.03B
Enterprise Value
$110.84B
EV / LTM Revenue
23.7x
EV / NTM Revenue
16.1x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
16.1x
Gross Profit
23.9x
EBITDA
442.4x
Classification
Sector
Infrastructure & Data Software
Sub-sector
Data Platforms
Listing
SNOW
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY69%36%29%29%28%26%
Revenue$1.22B$2.07B$2.81B$3.63B$4.68B$5.98B$7.53B
Gross Profit$761M$1.35B$1.91B$2.41B$3.15B
Gross Profit Margin62.4%65.3%68.0%66.5%67.2%
EBITDA($658M)($752M)($729M)($1.10B)($1.08B)$217M$274M
EBITDA Margin-53.9%-36.4%-26.0%-30.3%-23.1%3.6%3.6%
EBIT($715M)($842M)($1.09B)($1.46B)($1.44B)($209M)($264M)
Net Income($680M)($797M)($836M)($1.29B)($1.33B)$709M$1.01B
Free Cash Flow$81M$496M$779M$913M$1.12B
FCF Margin6.7%24.0%27.8%25.2%23.9%
Short-Term Debt$0M$0M$0M$0M$50M
Long-Term Debt$0M$0M$0M$2.27B$2.28B
Cash & Cash Equivalents$1.09B$940M$1.76B$2.63B$2.83B
Net Debt($1.09B)($940M)($1.76B)($357M)($499M)
Net Debt / EBITDA
Rule of 4093.4%63.6%54.4%53.1%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.